NOT LISTED FOR SALE

25619 E Olympic Ave Newman Lake, WA 99025

Otis Orchards-East Farms Neighborhood

Estimated Value: $443,000 - $487,221

4 Beds
2 Baths
1,758 Sq Ft
$268/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $455,000 $259 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,850/month

3 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Formal Dining Room
  • Sauna
  • No HOA
  • 4 Car Attached Garage

About This Home

As of December 2022

Well maintained house on a corner lot with large shop on nearly half an acre. This split level home has fresh paint inside and out and features 2 beds and 1 bath up as well as 2 beds and 1 bath down. Newly installed flooring throughout including fresh carpet in the bedrooms and downstairs. A spacious kitchen and large dining room leaves plenty of room for hosting. An added bonus is your very own sauna in the basement bathroom. Outside has a large, level fenced backyard with a large shop and an additional storage facility that functions as another garage. Located in a quiet neighborhood in Newman Lake, close to freeway access with both Washington and Idaho shopping and activities just minutes away.

Last Agent to Sell the Property

Chris Christensen

Keller Williams Spokane - Main License #21002700 Listed on: 10/27/2022

Last Buyer's Agent

MISC MISC

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,218

Year Built

  • Built in 1981

Lot Details

  • 0.45 Acre Lot
  • Back Yard Fenced
  • Corner Lot
  • Sprinkler System

Home Design

  • Split Level Home
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,758 Sq Ft Home
  • Formal Dining Room

Kitchen

  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Recreation or Family Area in Basement

Parking

  • 4 Car Attached Garage
  • Workshop in Garage
  • RV Access or Parking

Outdoor Features

  • Storage Shed
  • Shop

Schools

  • East Farms Elementary School
  • East Valley Middle School
  • East Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic System

Community Details

  • No Home Owners Association
  • Sauna

Listing and Financial Details

  • Assessor Parcel Number 56363.1411

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,218

Year Built

Built in 1981

Lot Details

0

Listing Details

  • HOA YN: No
  • Sub Type: Res/Site Blt
  • Access: Pub Rd, Paved
  • Class: Residential
  • Style Of Construction: Split Entry
  • Year Built: 1981
  • Lvt Date: 10/27/2022
  • Common Interest Community: No
  • Geo Address Line: 25619 E Olympic Ave
  • Geo Primary City: Newman Lake
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 10/27/2022 9:01:34 PM
  • Geo Zoom Level: 15
  • Sr High: East Valley
  • Year Renovated: 2022
  • Jr High: East Valley
  • Allow Public Comments: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Total Approx Sq Ft: 1758
  • Price Per Sq Ft: 258.82
  • Bathrooms: 2
  • Bedrooms: 4
  • Estimated First Floor Sq Ft: 894
  • First Floor Bedrooms: 2
  • First Floor Bathrooms: 1
  • First Floor Family Room: 1
  • Basement: Full, Finished, Fam/Rec Rm, Outside Entr
  • Estimated Basement Sq Ft: 864
  • Basement: Yes
  • Basement Bedrooms: 2
  • Basement Bathrooms: 1
  • Basement Family Room: 1
  • Dining Room: Formal
  • Family/Recreation Room: Bsmt, 1st Flr
  • Kitchen Appliances: Fr Stnd Rng, D/W
  • Number of Family Rooms: 2

Exterior Features

  • Exterior: Wood
  • Foundation: Conc Pad
  • Out Buildings: Shop, Stge Shd
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached, RV Parking, Shop Area, Oversized
  • Garage Size: 4+

Utilities

  • Heating/Cooling: Gas, Elec, Forced Air, Cent A/C
  • Power Company: Avista

Condo/Co-op/Association

  • Amenities: Sauna, Gas Hot Wtr

Schools

  • School District: East Valley
  • Elementary School: East Farms
  • Middle School: East Valley
  • High School: East Valley
  • School District: East Valley
  • Elementary School: East Farms

Lot Info

  • Acres Mol: 0.45
  • Estimated Lot Sq Ft: 19602
  • Lot Information: Fncd Bk Yd, Spr Sys, Corner, Fenced
  • Parcel Number: 56363.1411
  • Site Improvements: Septic Sys, Pub Wtr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Nov 15, 2022
Sold by
Homefront Llc
Bought by
Yang Zhanxin
Seller's Agent
Chris Christensen
Keller Williams Spokane - Main
Buyer's Agent
MISC MISC
NON MLS
List Price
$445,000
Sold Price
$455,000
Premium/Discount to List
$10,000
2.25%
Views
40
Current Estimated Value
$471,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,055
Avg. Annual Appreciation
-0.66%
Original Mortgage
$230,000
Outstanding Balance
$223,485
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$223,237

Purchase Details

Closed on
Sep 20, 2022
Sold by
Elder Heather J F
Bought by
Homefront Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$223,485
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$223,237

Purchase Details

Closed on
Jun 18, 2018
Sold by
Fletcher Robert and Fletcher Norma
Bought by
Fletcher Robert and Etcher Heather J F

Purchase Details

Closed on
Aug 3, 2000
Sold by
Poor Patrick C and Vandusen Nina G
Bought by
Fletcher Robert and Fletcher Norma

Purchase Details

Closed on
Sep 23, 1997
Sold by
Beaulieu Thomas J and Beaulieu Ann M
Bought by
Poor Patrick C and Vandusen Nina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,268
Interest Rate
7.54%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yang Zhanxin -- Wfg National Title
Homefront Llc -- --
Fletcher Robert -- None Available
Fletcher Robert -- Spokane County Title Co
Poor Patrick C $96,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Zhanxin $230,000
Previous Owner Homefront Llc $275,000
Previous Owner Poor Patrick C $96,268
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2022 12/27/22 Sold $455,000 +2.2% $259 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $445,000 -- $253 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,218 $438,000 $95,000 $343,000
2024 $4,218 $430,600 $85,000 $345,600
2023 $3,852 $440,700 $80,000 $360,700
2022 $3,832 $393,100 $75,000 $318,100
2021 $3,627 $286,900 $55,000 $231,900
2020 $3,248 $241,900 $50,000 $191,900
2019 $2,952 $223,800 $45,000 $178,800
2018 $2,936 $207,300 $40,000 $167,300
2017 $2,816 $199,800 $40,000 $159,800
2016 $2,675 $192,400 $35,000 $157,400
2015 $2,728 $189,600 $35,000 $154,600
2014 -- $185,600 $35,000 $150,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Christensen

    Seller's Agent in 2022

    Chris Christensen

    Keller Williams Spokane - Main

    (509) 475-0732

    1 in this area

    110 Total Sales

    Chris Christensen
    Section Image

  • M

    Buyer's Agent in 2022

    MISC MISC

    NON MLS

See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202224695

Spokane Association of REALTORS®

APN: 56363.1411

Washington Spokane County Newman Lake 99025 Otis Orchards-East Farms

25619 E Olympic Ave, Newman Lake, WA

This home is located at 25619 E Olympic Ave, Newman Lake, WA 99025 since 27 October 2022 and is currently estimated at $471,055, approximately $267 per square foot. This property was built in 1981. 25619 E Olympic Ave is a home located in Spokane County with nearby schools including East Farms School, East Valley Middle School, and East Valley High School & Extension.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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